SOLUTION: A car dealer wants to sell you a car for $18000 financed at 5.6% for 5 years compounded monthly. Is it reasonable to acceptable his proposed monthly installment plan? Support answe
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Question 935106: A car dealer wants to sell you a car for $18000 financed at 5.6% for 5 years compounded monthly. Is it reasonable to acceptable his proposed monthly installment plan? Support answer by using appropriate formulas
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
"reasonable" is a matter of judgment, not a math term.
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